Phillips 66 (PSX)

Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company's master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,300 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of Dec. 31, 2020.

Company profile

Ticker

PSX

Exchange

NYSE

Website

www.phillips66.com

CEO

Gregory Garland

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Manufacturing > Petroleum Refineries

Industry (SIC)

Petroleum Refining

Chevron • Conoco Phillips • Valero Energy • Hess • Marathon Petroleum • Exxon Mobil • HF Sinclair • PBF Energy • PBF Energy • Delek US ...

SEC CIK

0001534701

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Asamera Oil (US) Inc. • C.S. Land, Inc. • Central Retail Holdings LLC • Douglas Oil Company • eFUEL, LLC • Gray Oak Holdings LLC • JET Energy Trading GmbH • JET Petrol Limited • JET Petroleum Limited • JET Retail UK Limited ...

IRS number

453779385

PSX stock data

1M 1Y 5Y

News

From Benzinga Pro

Financial Advisers Recommend These 3 Alternative Investments Over The Standard 60/40 Stock-To-Bond Portfolio

18 Aug 22

For years, many financial advisers recommended a mix of stock and bond investments to their average retail clients, including the standard 60/40 stock-to-bond portfolio.

Phillips 66 Announces Offer to Acquire Outstanding Publicly Held Common Units of DCP Midstream, LP for $34.75/Unit

17 Aug 22

Concurrent with Phillips 66's (NYSE: PSX) announcement of the realignment of economic and governance interests in DCP Midstream, LP (DCP Midstream), Phillips 66 also announced today it has submitted a non-binding proposal to the board of directors of the general partner of DCP Midstream offering to acquire all publicly held commo

Phillips 66: Q2 Earnings Insights

29 Jul 22

Phillips 66 (NYSE:PSX) reported its Q2 earnings results on Friday, July 29, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Phillips 66 Q2 EPS $6.77 Beats $5.78 Estimate

29 Jul 22

Earnings Scheduled For July 29, 2022

29 Jul 22

Press releases

From Benzinga Pro

Phillips 66 Announces Offer to Acquire Outstanding Publicly Held Common Units of DCP Midstream, LP

17 Aug 22

Phillips 66 Enhances NGL Platform with Wellhead to Market Integration Through Increased Economic Interest in DCP Midstream

17 Aug 22

Aligns strategic interests through restructuring of joint ventures Increases economic interest in DCP Midstream, LP Enhances existing NGL platform through value chain integration Transaction entered into and

Phillips 66 Announces Expansion Open Season for Seminoe Pipeline

12 Aug 22

Phillips 66 (NYSE:PSX) announces that its subsidiary, Phillips 66 Carrier, LLC, is launching a binding expansion open season on its Seminoe Pipeline system to solicit shipper commitments for services from Billings,

Phillips 66 Reports Second-Quarter 2022 Financial Results

29 Jul 22

Phillips 66 and H2 Energy Europe close on joint venture to create European network of hydrogen refueling stations

19 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$118.67

Low target

$105.00

High target

$132.00

Calendar

29 Jul 22

20 Aug 22

31 Dec 22

Financial summary

Financial statements Chart PSX financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.81B	2.81B	2.81B	2.81B	2.81B	2.81B
Cash burn (monthly)	175.33M	(no burn)	14.21B	8.52B	(no burn)	(no burn)
Cash used (since last report)	295.59M	n/a	23.95B	14.36B	n/a	n/a
Cash remaining	2.51B	n/a	-21.14B	-11.55B	n/a	n/a
Runway (months of cash)	14.3	n/a	-1.5	-1.4	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Phillips 66 earnings reports.

Recent insider trades

PSX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
8 Aug 22	Timothy D. Roberts	Common Stock	Payment of exercise	Dispose F	No	No	84.04	402	33.78K	47,799
8 Aug 22	Joseph Scott Pruitt	Common Stock	Payment of exercise	Dispose F	No	No	84.04	72	6.05K	15,302
8 Aug 22	Kevin J Mitchell	Common Stock	Payment of exercise	Dispose F	No	No	84.04	523	43.95K	96,052
8 Aug 22	Brian Mandell	Common Stock	Payment of exercise	Dispose F	No	No	84.04	340	28.57K	39,388.918
8 Aug 22	Mark E Lashier	Common Stock	Payment of exercise	Dispose F	No	No	84.04	697	58.58K	54,777

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

PSX institutional ownership history Ownership history

69.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1382	1413	-2.2%
Opened positions	121	203	-40.4%
Closed positions	152	116	+31.0%
Increased positions	574	601	-4.5%
Reduced positions	440	397	+10.8%

13F shares	Current	Prev Q	Change
Total value	27.59B	28.61B	-3.6%
Total shares	336.45M	331.36M	+1.5%
Total puts	3.43M	2.85M	+20.4%
Total calls	4.31M	5.02M	-14.1%
Total put/call ratio	0.8	0.6	+40.1%

Largest owners	Shares	Value	Change
Vanguard	49.68M	$4.07B	+8.2%
BLK Blackrock	37.76M	$3.1B	+7.8%
STT State Street	32.67M	$2.68B	+2.7%
WFC Wells Fargo & Co.	16.95M	$1.39B	+1.1%
FMR	10.26M	$841.6M	+18.9%
Geode Capital Management	9.55M	$781.49M	+5.0%
Aristotle Capital Management	8.72M	$715.15M	-3.4%
Wellington Management	6.75M	$553.44M	-6.1%
Barrow Hanley Mewhinney & Strauss	6.7M	$549.22M	-4.0%
BAC Bank Of America	6.55M	$537.24M	-0.6%

Largest transactions	Shares	Bought/sold	Change
Vanguard	49.68M	+3.74M	+8.2%
LGEN Legal & General	0	-3.43M	EXIT
BLK Blackrock	37.76M	+2.72M	+7.8%
Millennium Management	573.68K	-2.4M	-80.7%
Parametric Portfolio Associates	0	-1.97M	EXIT
FMR	10.26M	+1.63M	+18.9%
MS Morgan Stanley	5.88M	+1.52M	+35.0%
American Century Companies	1.55M	+1.4M	+912.0%
UBS UBS Group AG - Registered Shares	4.12M	-1.31M	-24.1%
Point72 Asset Management	0	-1.27M	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Unless otherwise indicated, discussion of results for the three and six months ended June 30, 2022, is based on a comparison with the corresponding periods of 2021.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: App, behalf, Certification, compensatory, Cover, dealer, DEF, Description, duly, embedded, Exhibit, fiscal, formatted, gathering, herewith, Indenture, inflationary, Inline, instance, Interactive, issuer, lender, Linkbase, Mizuho, Morgan, Overnight, Page, prepay, procurement, Pruitt, RBC, registrant, Registration, restructuring, Schema, Scott, thereto, thereunto, trustee, undersigned, XBRL

Removed: administration, authorization, easing, gain, Phillip, secondary

From filing 10-Q 2022 Q2

Financial reports

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